Press Release

API Technologies Reports Record Third Quarter and Nine Month 2010 Results: Third Quarter Revenues Increase 207%

RONKONKOMA, NY – (PR Newswire) – April 13, 2010 —API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in engineered systems, components and secure communications to the global defense and aerospace industries, today announced third quarter and nine month operating results for the period ending February 28, 2010. The results include the operations of the Kuchera Group of Companies following the date of acquisition on January 20, 2010.

API Technologies Appoints Brian Throneberry as Vice President of Sales and Marketing

WINDBER, PA --(PR Newswire)—March 18, 2010—API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, announced today that Brian Throneberry has joined the Company as Vice President of Sales and Marketing.

API Technologies to Present at Roth Capital Partners 22nd Annual Growth Stock Conference

WINDBER, P.A. --(PR Newswire) — March 10, 2010 — API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, announced today that Jonathan Pollack, Executive Vice President, will be presenting at the Roth Capital Partners 22nd Annual Growth Stock Conference in Laguna Niguel, California on Monday March 15, 2010 at 4:30 pm PST.

API Technologies Announces Stock Repurchase Program: Board of Directors Authorizes Repurchase of up to 10% of the Company’s Common Stock

Windber, PA - (PR Newswire) - March 9, 2010 - API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in sophisticated electronics, highly engineered systems, secure communications and electronic components and subsystems to the global defense and aerospace industries, announced today that its Board of Directors has approved a program to repurchase, from time to time and subject to market conditions, up to 3,300,000 shares of API's outstanding common stock on the open market or in privately negotiated transactions over the next 12 months. Repurchases are authorized to begin after the Company files its third quarter results in mid-April on Form 10-Q with the Securities and Exchange Commission. The Company will fund the program with available cash on hand.

API Technologies Announces $8 Million Order from Fortune 500 Global Defense Contractor

Windber, PA --(PR Newswire)—March 3, 2010 — API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, has been selected by a global Fortune 500 defense contractor, to provide high-reliability magnetic components for use in radio communications systems deployed throughout the military and defense markets. The multi-year contract is valued at over $8 million and will be produced at the Company’s Canadian facility under its Filtran brand.

 

The customer will integrate API’s complex magnetic components into a number of radio communications systems in support of the U.S. military's Joint Tactical Radio System (JTRS) requirements as well as network-centric operations worldwide.

API Technologies Closes Nanotechnology Research and Development Subsidiary: Allows Company to Focus Resources and Capital on Profitable Defense Businesses

NEW YORK, NY – (PRNEWSWIRE) – February 22, 2010 – API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in sophisticated electronics, highly engineered systems, secure communications and electronic components and subsystems to the global defense and aerospace industries, today announced that it is closing its nanotechnology research and development subsidiary. Founded in 2000 and acquired by API in 2007, the NanoOpto subsidiary is located in Somerset, New Jersey. The Company expects the shut down process to be completed within the next 90 days and will contribute in excess of $4 million to operating earnings.

National Hybrid Terminal+ Compact Multi-protocol Data Bus Interface Supports Simultaneous 1553/1760 Functionality

New York, NY February 9, 2010 – API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in sophisticated electronics, highly engineered systems, secure communications and electronic components and subsystems to the global defense and aerospace industries, today announced the release of Terminal+ (pronounced Terminal Plus), the newest National Hybrid 1553 data bus product. The compact National Hybrid Terminal+ offers a multi-protocol data bus interface with integrated transformers and can function as a simultaneous monitor/remote terminal, a programmable bus controller, a remote terminal or a bus monitor.

Designed for both reliability and durability, the Terminal+ ensures the integrity of all data and control structures. The Terminal+ with integrated transformers occupies minimal board space and simplifies PCB layout as well as electrical design.

API Technologies Announces the Acquisition of the Kuchera Group of Companies: Acquisition will Double the Size of Company with Combined Revenues in Excess of $120 Million

NEW YORK, NY--(MARKET WIRE)—January 21, 2010 -- API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, today announced that it has acquired substantially all of the assets of the Kuchera Group of Companies (“KGC”), including Kuchera Defense Systems, Inc. and Kuchera Industries, Inc. KGC is a large U.S.-based defense subcontractor specializing in sophisticated electronics and highly-engineered systems for the defense, aerospace and communications industries.

API Technologies Reports Record Second Quarter Revenues: Revenues More than Double through Recent Acquisition and Significantly Improving Margins Through Consolidation Efforts

NEW YORK, NY--(MARKET WIRE)--January 14, 2010 -- API Technologies Corp. (ATNY.OB) ("API or the Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, today announced second quarter and six month operating results for the period ending November 30,2009.

Financial Highlights for the Second Quarter Ended November 30, 2009

--Revenue was $12.2 million, a 113% increase from $5.7 million in the same quarter of fiscal 2009. Second quarter of fiscal 2010 includes the first full quarter contribution from Cryptek, as well as an increase of 7.8% from the electronic components and subsystems segment;

API Nanotronics Reports Second Quarter Results: Company Generates Positive Cash Flow and Strengthens Balance Sheet in Challenging Environment; Significant Increase in Nanoproduct Activity - Nanotech Revenues Increase Over 400% in Quarter

NEW YORK, NY--(Marketwire - January 14, 2009) - API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a leading supplier of electronic components, nano-optics and nanotechnology research and development to the defense and communications sectors, today announced second quarter and six month operating results for the period ended November 30, 2008.
 

Financial Highlights for the Second Quarter Ended November 30, 2008

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